Toronto Dominion Bank boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1,136.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,835 shares of the business services provider’s stock after buying an additional 5,363 shares during the quarter. Toronto Dominion Bank’s holdings in FactSet Research Systems were worth $1,672,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of FactSet Research Systems by 16.5% in the 2nd quarter. BlackRock Inc. now owns 4,146,789 shares of the business services provider’s stock valued at $1,188,303,000 after purchasing an additional 586,547 shares during the period. Vanguard Group Inc. boosted its position in shares of FactSet Research Systems by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,799,216 shares of the business services provider’s stock valued at $1,088,704,000 after purchasing an additional 116,960 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of FactSet Research Systems by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,463,128 shares of the business services provider’s stock valued at $419,278,000 after purchasing an additional 26,339 shares during the period. Bank of New York Mellon Corp boosted its position in shares of FactSet Research Systems by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 448,121 shares of the business services provider’s stock valued at $128,415,000 after purchasing an additional 40,246 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of FactSet Research Systems by 79.1% in the 2nd quarter. APG Asset Management N.V. now owns 414,300 shares of the business services provider’s stock valued at $104,252,000 after purchasing an additional 183,000 shares during the period. 96.91% of the stock is owned by institutional investors and hedge funds.

In other news, Director Philip A. Hadley sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $285.60, for a total transaction of $7,140,000.00. Following the completion of the sale, the director now directly owns 542,368 shares of the company’s stock, valued at approximately $154,900,300.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip A. Hadley sold 75,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $282.86, for a total value of $21,214,500.00. Following the sale, the director now directly owns 467,368 shares of the company’s stock, valued at $132,199,712.48. The disclosure for this sale can be found here. Insiders have sold a total of 104,031 shares of company stock valued at $29,431,531 over the last ninety days. Company insiders own 2.30% of the company’s stock.

FactSet Research Systems stock traded up $2.55 during mid-day trading on Wednesday, hitting $236.83. The company’s stock had a trading volume of 659 shares, compared to its average volume of 343,504. The firm’s 50 day moving average is $265.85 and its 200 day moving average is $273.75. The company has a market cap of $8.96 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.68 and a beta of 0.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.81 and a quick ratio of 2.87. FactSet Research Systems Inc. has a 52-week low of $188.31 and a 52-week high of $305.38.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 26th. The business services provider reported $2.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.47 by $0.14. FactSet Research Systems had a return on equity of 63.04% and a net margin of 24.58%. The company had revenue of $364.28 million during the quarter, compared to the consensus estimate of $362.39 million. During the same period last year, the business earned $2.20 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts forecast that FactSet Research Systems Inc. will post 9.99 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.80%.

A number of research firms recently weighed in on FDS. Zacks Investment Research lowered FactSet Research Systems from a “hold” rating to a “sell” rating and set a $257.00 price target for the company. in a research report on Monday, September 30th. Goldman Sachs Group downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $256.00 to $246.00 in a research note on Thursday, June 27th. Morgan Stanley reduced their price objective on FactSet Research Systems from $263.00 to $217.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Cantor Fitzgerald set a $240.00 price objective on FactSet Research Systems and gave the stock a “hold” rating in a research note on Friday, September 27th. Finally, DA Davidson reduced their price objective on FactSet Research Systems to $240.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $239.25.

FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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